One Finance Successfully Completes Inaugural EGP 616 Million Securitization Bond Offering
3 January 2024
One Finance, a leading non-banking financial institution (NBFI) in Egypt, proudly announces a pivotal moment in its financial history with the successful completion of its inaugural securitization bond offering, raising a substantial EGP 616 million. This accomplishment marks the initiation of a broader securitization bond program, aiming to reach a total value of EGP 3 billion.
The securitization bond offering comprised three tranches with varying tenors of 13, 36, and 48 months, raising EGP 131.8 million, EGP 328.9 million, and EGP 155.3 million, respectively. Notably, all three tranches received a P1 (SF) rating from MERIS Ratings, underscoring a high level of credit quality.
Hazem Madany, Chief Executive Officer and Managing Director of One Finance, positioned the completed offering as a crucial step within a larger EGP 3 billion securitization bond program. Madany outlined the strategic goals that the proceeds from the issuance will support, including expanding capabilities, introducing new products to enhance client purchasing power, diversifying the product portfolio, and fostering sustainable growth and profitability.
Amr Abdelmaksoud, the Chief Financial Officer of One Finance, emphasized the strategic importance of a successful securitization, highlighting it as a vote of confidence from financial partners. He outlined the company's intention to leverage the funds raised to diversify its product offerings, achieve sustainable growth, and bolster liquidity levels.
Key financial institutions played pivotal roles in the success of this securitization. CIB served as the sole financial advisor, transaction manager, book runner, and arranger. AAIB, in collaboration with Al Baraka Capital, acted as underwriter and the custodian bank. Dreeny & Partners provided legal advisory services, while Baker Tilly served as the auditor. Noteworthy subscribers to the issuance included AAIB, ABC Bank, Al Baraka Bank, CI Capital, and AAIM.
One Finance is established in 2022 as a licensed consumer finance company by the FRA, One Finance operates as a shareholding company in partnership with Ayady for Investment and Development, Tamweely for Microfinance, and Post for Investments.
CRIF X ONE FINANCE
11 MAY 2023
One Finance is pleased to announce its strategic partnership with CRIF, a global leader in credit bureau services and credit risk management. This collaboration allows One Finance to leverage CRIF's expertise in credit scoring models, data analytics tools, and business intelligence on a global scale. The partnership aims to enhance financial inclusion, expand consumer finance solutions, and strengthen One Finance's position as a market leader in Egypt. Through this alliance, One Finance can accurately assess creditworthiness, streamline decision-making, and offer flexible financing options to customers. This partnership signifies a significant step in empowering individuals and fostering financial well-being in Egypt.
Egyptian Amateur League x One Finance
17 DEC 2022
We are also glad we got to sponsor and be a part of the 2nd season’s final match of the Egyptian Amateur League (EAL), that was held on Saturday December 17th, which took place in 30 June stadium The heated game between the teams’ “Panthers” and “Galactico’s” got everyone on the edge of their seats! After an incredible match that ended with the Panthers winning first place, there were prizes given out to BOTH teams, including medals, trophies and much more, by Mr. Hazim Madany, CEO & Deputy Chairman of One Finance
City Run Banha Marathon X One Finance
9 DEC 2022
We had the honor to be a part of the City Run Marathon which took place in Banha on Friday, December 9th. The 5-Kilometer-Marathon was not just an ordinary run it was fueled with unity and harmony! We would like to thank all our participants for bringing their uplifting energies and exceptional vibes! We would also like to thank our partners: I-events, Cairo Runners and City Club for hosting and organizing this inspiring event.
Sponsorship of the International Bridge tournament
28 NOV 2022
ONE Finance was the platinum sponsor of the recently held international bridge tournament hosted by Sporting Club Alexandria. The tournament was attended by a large number of leading international, regional and local bridge players. At the Conclusion of the tournament Mr. Hazim Madany, CEO and Managing Director distributed the prizes to the winners.
Cooperation with ADVA
27 NOV 2022
One Finance recently signed a joint marketing and cooperation agreement with ADVA, one of our trusted partners. The agreement was signed during a joint event and was concluded by Ms. Rania Gaafar, the CEO and Founder of ADVA and Mr. Hazim Madany the company CEO and Managing Director.We look forward to a long a fruitful relationship between our two organizations that is mutually beneficial.
Launching Press Conference
16 OCT 2022
Recently, One Finance officially launched its service. The launch event was hosted at the Four Seasons hotel and was attended by a large number of press representatives of both local and international press organizations. The event was also attended by ONE Finance board members. The event outlined the company’s strategic vision and product offering. Mr. Tarek ElHousseiny, the company Chairman, discussed in detail the impact of the current economic situation and its effect on the credit markets, highlighting the positives and negatives of the situation and its impact on our operations and growth plans.
Orienation and Customer Service event
10 Sep 2022
We recently conducted an all-staff event to orient our staff on how to better serve you, our customer. The event was held in the Helnan Landmark hotel and was a rousing success resulting in the development of many ideas of how to improve our customer facilitation and expand our possibilities and yours. The event was attended by all staff throughout Egypt and was concluded by a sales and customer service management seminar.